As part of the 4th Procurement Technical Assistance (PTAC) Centers National Day, the Department of Economic Development and Commerce (DDEC, in Spanish) is invites local businesses and entrepreneurs interested in exhibiting and selling their products or services to the federal government, to participate in a virtual event organized by the agency’s Federal Contracting Center (FeCC) […]
The Department of Economic Development and Commerce (DDEC, in Spanish) is reopening its Entrepreneurship Centers to promote and promote shared workspaces where companies can grow, train, and establish business contacts, agency Secretary Manuel Cidre announced. “Now that we’re reactivating our economy, the reopening of these co-work centers represents a real alternative for many entrepreneurs, providing […]
Puerto Rican coffee producer Café Oro will expand its manufacturing operations with a $2.4 million investment in equipment, in keeping with plans to export its product. The company has also received the support of the Department of Economic Development and Commerce (DDEC, in Spanish) through incentives, agency Secretary Manuel Cidre confirmed. To achieve its expansion […]
Department of Economic Development and Commerce (DDEC, in Spanish) Secretary Manuel Cidre is heading to Washington D.C. this week to attend to “matters of high interest in favor of Puerto Rico’s economic development,” the agency announced. “It’s a loaded agenda, with key people who can be our allies when it comes to advancing our economic […]
The Department of Economic Development and Commerce (DDEC, in Spanish) announced that starting June 3, its Rums of Puerto Rico program, jointly with the brands it represents, will distribute $2.5 million in incentives to members of the alcoholic beverages sales and service industry. The funds will go to bar owners, alcoholic beverage retailers and mixologists/bartenders, […]
Cigar manufacturer Congar International Corp. will expand its operations in Puerto Rico and will add 85 new jobs to the more than 300 employees it already has on its payroll. The company that has been established in Cayey for 60 years plans to invest $23 million in a four-year period during the expansion process. “Congar […]
Puerto Rico’s small- and mid-sized businesses (SME’s) looking to grow their operations may be eligible for as much as $100,000 in seed funding from a number of programs under the Department of Economic Development and Commerce (DDEC, in Spanish). During a roundtable discussion to mark small business month, the agency brought together five companies — […]
With a number of current and future film production projects being rolled in Puerto Rico, the Department of Economic Development and Commerce (DDEC, in Spanish) announced it has renewed its membership with the Association of Film Commissions International (AFCI). DDEC Secretary Manuel Cidre said belonging to the Association allows the agency’s Puerto Rico Cinematographic Industry […]
Lufthansa Technik Puerto Rico (LTPR), LLC has agreed to receive funding support from the government of Puerto Rico to cope with the challenges the aviation industry is facing, Department of Economic Development and Commerce Secretary Manuel Cidre confirmed. Lufthansa Technik Puerto Rico is part of the Germany based Lufthansa Technik Group and is specialized in maintenance, […]
The Department of Economic Development and Commerce’s (DDEC, in Spanish) Workforce Development Program announced the availability of funding from the Workforce Innovation and Opportunity Act for employers interested in training their workforce. These trainings allow employees to update their skills and retain their jobs, DDEC Secretary Manuel Cidre said. In addition, these trainings benefit the […]
The Department of Economic Development and Commerce announced two calls with more than $425,000 available to encourage local companies to export their products and services. The initiative includes an Export Accelerator to train participants and financial incentives to pay for export initiatives of up to $10,000, said agency Secretary Manuel Cidre. “In Puerto Rico there […]
The Department of Economic Development and Commerce (DDEC, in Spanish) announced the the allocation of $2.6 million in incentives from the Special Fund for Economic Development to Abbott’s Puerto Rico facility to create and retain jobs and acquire machinery and equipment to expand operations. “The Department of Economic Development and Commerce granted this incentive to […]
The heads of two Puerto Rico government agencies announced the availability of a website through which employers can blow the whistle on employees who refuse to return to their posts because they are receiving jobless benefits. In a press conference, the secretaries of the Department of Economic Development and Commerce and the Department of Labor […]
Looking to expedite the government process of evaluating and granting permits to businesses and companies, the Department of Economic Development and Commerce and the University of Puerto Rico signed a collaborative agreement through which students will be recruited to work at the Permits and Management Office. For the initiative, 180 students will be hired at […]
The Department of Economic Development and Commerce, through its Youth Development Program, issued 41 decrees of new companies developed by young entrepreneurs, the agency’s Secretary Manuel Cidre announced. The program and its decrees are regulated by Law 60 of 2019, known as the New Incentives Code. This program targets participants between 16 and 35 years […]
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